Selling shares even if it is at the expense of losing all credibility is what a very large of pinkie CEO do. What they do with the money is what is really important.
I think Vince needs a new spokesman for the company for sure to at least review his PRS' before they come out. Soon one could put together a list of everything that he PR'ED that has not come to light, and as time goes on we will see how much of what he says is true, or just well worded to cover himself.
Again if I find out he can produce $75,000 net just from 2 wells on perry lease, and get 10-15 more online this year, he will become my idle and I will need to eat a lot of my words, but I just do not see that happening, and if I do find out it is happening I am jumping back in again.
My number one rule NEVER TRUST A CEO WORDS. They have layers of disclaimers that cover them and you really need to se exactly how he words things. He can easily come back later and say the improvements that where needed to create $75,000.00 in net sales for the Perry 2 wells could not be financed, so thus now they are producing nothing. The disclaimer at the bottom of the PR'S and in SEC filings cover him sort off, SO THIS IS WHAT I THINK IS GOING TO HAPPEN, NOT $75,000 NET FROM 2 WELLS A MONTH THAT ONLY HAVE BEEN PRODUCING 2 BARRELS PER DAY AT BEST AFTER ENHANCEMENTS.
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